I’m only going to post the squiggle count tonight. The market neither went up to form a possible Minute wave [iii] of 5 of (5) of [5] nor did it park itself in a decline as a wave [iv] of 5 of an ending diagonal triangle as was proposed in the Wilshire 5000 3-minute chart last night as the decline was a new low over the past many days.
But that is actually good because in one day, it eliminates certain options in the wave count and opens up other probabilities. And that is what wave counting is all about, probabilities based on wave structure and social mood sentiment. And sentiment has been sky high in many areas.
And I’ll be honest, this wave count below is a “beautiful picture” as Robert Prechter of EWI has often said. That’s why I use the sunset background!
